Wheat prices rose sharply on the eve of the publication of the May report

< span style="font-size:14px;">grain exchanges are showing high volatility in anticipation of the May USDA report, and wheat prices rose sharply after the previous fall yesterday.

< span style="font-size:14px;" > according to the average estimate of analytical companies, wheat production in the United States in the new season will grow from 49.7 to 51.1 million tons compared to the current season, while final wheat stocks will decrease by 14%.

< span style="font-size:14px;">prices on US wheat exchanges rose yesterday following neighboring soybean and corn markets. Traders are concerned about the drought on spring wheat crops in areas of the American Plains. The quote was also supported by the decline in the dollar exchange rate.

< span style="font-size:14px;">July futures rose yesterday:< / span> < / p>

• < li> < span style= " font-size: 14px;">by 4 4.13/t to до 272.54 / t for soft winter SRW wheat in Chicago,< / span> < / li>
• < span style= " font-size: 14px;" > by 2 2.57 / t to до 261.06 / t for hard winter HRW wheat in Kansas City,< / span> < / li>
• < span style="font-size:14px;" > by 6 6.34/t to.283.11/t for hard spring hrs wheat in Minneapolis.

< span style="font-size:14px;" > according to the French Ministry of Agriculture, the area of soft wheat sowing in the country increased by 14.8% to 4.9 million hectares, and hard wheat – by 6.1% to 267 thousand hectares. Despite this, European wheat rose in price after American wheat.

• on the Euronext exchange, September wheat futures rose by 3.25 €/t to 226.75 €/t or 2 275/T, and December futures rose by 3 €/T to 225 €/t or<272.95/t. < /span> < / li>

< span style="font-size:14px;" > according to the analytical agency SovEcon, the average price of Russian wheat with protein 12.5% in two weeks increased by 2 21/ton to.274/ton following a rapid increase in prices on world stock exchanges due to the rise in the price of corn due to the drought in Brazil.

< span style="font-size:14px;">Black Sea wheat futures rose in price yesterday:< / span>< / p>

• < span style="font-size:14px;">July-by 4 4 /T to 2 276/t,< / span> < / li>
• < span style="font-size:14px;">December-by 3 3 / T to 2 280/t.< / span> < / li>

< span style="font-size:14px;" > in Ukraine, purchase prices for wheat delivered to the port in May – June do not exceed 2 260-262/ton, and prices for deliveries of the new crop in July – August decreased from.255/ton to. 250/ton due to low demand and forecasts of increased production.